ICF International Inc (NASDAQ:ICFI) has earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $79.67.
ICFI has been the subject of a number of recent analyst reports. Barrington Research set a $86.00 price target on shares of ICF International and gave the stock a “buy” rating in a report on Friday. BidaskClub downgraded shares of ICF International from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Loop Capital raised their price target on shares of ICF International to $89.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Finally, Cowen set a $85.00 price target on shares of ICF International and gave the stock a “buy” rating in a report on Monday, November 5th.
In related news, COO John Wasson sold 2,532 shares of ICF International stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $79.58, for a total value of $201,496.56. Following the completion of the sale, the chief operating officer now owns 51,113 shares in the company, valued at approximately $4,067,572.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.67% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Martingale Asset Management L P boosted its position in ICF International by 1.2% in the 2nd quarter. Martingale Asset Management L P now owns 74,107 shares of the business services provider’s stock valued at $5,266,000 after buying an additional 899 shares during the period. Wells Fargo & Company MN boosted its position in ICF International by 3.1% in the 1st quarter. Wells Fargo & Company MN now owns 28,553 shares of the business services provider’s stock valued at $1,669,000 after buying an additional 862 shares during the period. Bank of New York Mellon Corp boosted its position in ICF International by 17.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 112,529 shares of the business services provider’s stock valued at $7,995,000 after buying an additional 16,567 shares during the period. Peregrine Capital Management LLC boosted its position in ICF International by 2.7% in the 3rd quarter. Peregrine Capital Management LLC now owns 157,717 shares of the business services provider’s stock valued at $11,900,000 after buying an additional 4,176 shares during the period. Finally, First Quadrant L P CA boosted its position in ICF International by 145.1% in the 3rd quarter. First Quadrant L P CA now owns 3,846 shares of the business services provider’s stock valued at $290,000 after buying an additional 2,277 shares during the period. 91.91% of the stock is owned by institutional investors.
ICFI opened at $71.94 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.80 and a current ratio of 1.65. ICF International has a 1-year low of $50.10 and a 1-year high of $82.25. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72.
ICF International (NASDAQ:ICFI) last released its earnings results on Thursday, November 1st. The business services provider reported $1.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.01. ICF International had a net margin of 5.45% and a return on equity of 10.24%. The business had revenue of $333.00 million for the quarter, compared to analyst estimates of $332.19 million. During the same period last year, the company posted $0.83 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts forecast that ICF International will post 3.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 16th. Investors of record on Friday, December 7th will be issued a $0.14 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.56 annualized dividend and a yield of 0.78%. ICF International’s dividend payout ratio (DPR) is presently 18.54%.
ICF International Company Profile
ICF International Inc provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, and stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, market, business, communication, and technology challenges.
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